Shell, Total and Chevron are interested in buying the shares that Galp is offering in its 80% stake in the Mopane oil project off the coast of Namibia, reports the Financial Times (FT). According to the newspaper, the amount of oil discovered in Namibia "is...
The Shell oil company reported today that it made a profit of 8.7 billion dollars in the first quarter, up 22.3% compared to the same period in 2022. The British company's result is explained by the rise in global energy prices. In a statement sent to the London Stock Exchange, the company said...
Oil company Shell will pay 15 million euros in compensation to Nigerian farmers for oil spills that seriously polluted three villages in the Niger Delta, the multinational and environmental organization Milieudefensie said on Friday. A Dutch court ruled in 2021 that Shell's subsidiary in Nigeria was responsible for the damage resulting...
Europe could face several winters of gas shortages as a result of Russian supply cuts, Shell Chief Executive Ben van Beurden told a press conference in Norway today. "It may well be that over several winters we will have to somehow find solutions," van Beurden said, as quoted by "Reuters"...
Oil companies ENI and Shell, as well as their executives, were yesterday definitively acquitted in the corruption case running in court in Milan, Italy, after the local prosecutor's office decided to drop the appeal. The Milan prosecutor's office decided to drop the appeal, conceding that "there was no relevant evidence in this trial." Thus, the...
The Tanzanian government on Saturday signed an agreement with multinationals Equinor (Norwegian) and Shell (British) to build a $30 billion Liquefied Natural Gas (LNG) export project. The Final Investment Decision (DFI) is expected to be announced in 2025, with first operations expected to start between...
The Russian-Ukrainian war has already led the West to impose several sanctions on Russia. Now, British oil company Shell has announced that it will stop importing Russian oil and gas. According to Shell's CEO Ben van Beurden, the company is aware that the decision to "buy a cargo of Russian crude oil"...
Despite condemning the Russian-Ukrainian war, which it called Moscow's military aggression, TotalEnergies announced Tuesday that it will continue its operations in Russia, and will "no longer provide capital for new projects." "TotalEnergies supports the scope and strength of the sanctions applied by Europe and will implement them regardless of the...
French Finance Minister Bruno Le Maire said Tuesday that the government and TotalEnergies will decide the future of the oil company's business in Russia in the coming days. "There is a question of principles," Le Maire said advancing that the talks will also involve French energy group Engie . Le Maire charged ...
Shell will disassociate its joint ventures with Russian state energy company Gazprom, a day after BP announced it would sell its 20% stake in Kremlin-owned oil company Rosneft as British companies distance themselves from Vladimir Putin. The oil company said it will...